CNR employee who had 2 options available with regard to payment of pension: elect to receive an immediate monthly pension or have credits transferred to new employer if he obtained employment. He elected to receive it but directed it be put into a term deposit in RRSP.

Issue:

Sub-Issue 1:

Sub-Issue 2:

Sub-Issue 3:

earnings

income

paid into rrsp

Summary:

CRN employee who argues that his pension into a term deposit is not paid or payable to him. The fact that he has chosen to have it paid into an RRSP makes it nonetheless payable to him. It is only by his own decision that it is not in fact paid to him and he can reverse it.